Commodities

Copper Melts as Smelters Reduce Activities

Copper melts after Chinese smelters decreased production last month by 3.6%. The country’s policymakers vowed to cool down prices of…

3 years ago

Delta Variant Sends the Black Gold Sweating

Concerns over the trajectory of the rapidly-spreading Delta variant of Covid-19 start to weigh on the black gold’s price. In…

3 years ago

API Inventory Report Shows Fall in US Crude Stockpiles

This week’s API Inventory Report showed another round of decline in US crude stockpiles. For the week ending July 1,…

3 years ago

Sugar Price Declines Further Away from Multi-month High

Sugar price records another day of lukewarm trading after declining for the second straight day. The raw sugar contract for…

3 years ago

Gold Price Recaptures $1,800 after the DXY Reverts Gains

Gold price is back on the driver’s seat after it recaptured the $1,800.00 level on Wednesday. The metal’s spot contract…

3 years ago

Oil prices multiyear highs, OPEC +

Oil rose to its highest level nearly three years after OPEC and its oil-producing allies postponed talks indefinitely. This comes…

3 years ago

Oil Price Opens the Week in Red, OPEC Talks to Resume

Oil price fails to handle the pressure of OPEC’s indecision and clinched lower on Asia’s Monday trading. Brent crude slashed…

3 years ago

OPEC Delays Decision, Oil Moves Up

In the crude oil market, no update is a better update. Investors push crude prices up as OPEC Ministers delay…

3 years ago

Gold Price Suffered from its First Monthly Drop in Years

June was not a good month for the gold price, where it suffered from its most painful monthly drop since…

3 years ago

Crude Stockpile Declines, Lifting Price Up

Crude stockpile declines again for the sixth consecutive week, showing that the improvement in demand might linger for longer. In…

3 years ago

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